The Role of Predictive Analytics in Asset Optimization for the Oil and Gas Industry

This White Paper describes the business challenges facing the oil and gas industry relative to asset optimization. It also describes the current state of predictive analytics for asset management and provides an example of its use in the rail industry. Finally, it reviews the potential application of predictive analytics in the oil and gas industry to improve oil and gas recovery rates, reduce asset maintenance costs, and reduce non-productive time.

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